Mortgage Fraud Rises as Sales Decline

Mortgage fraud increased 26 percent in 2008 compared to 2007, according to a study released Monday by the Mortgage Asset Research Institute. The increase reflects fewer loans. About $1.4 trillion in home loans were made in 2008, down a third from the previous year. More than 60 percent of the mortgage fraud cases last year […]

by Nia Knowles
March 18, 2009
Interesting

HOPE for Homeowners Expands Rescues

HOPE for Homeowners, a federal program to allow the replacement of up to $300 billion in underwater U.S. mortgages with federally backed FHA financing, began accepting applications under a legislatively authorized expansion Wednesday. To qualify, borrowers must be spending more than 31 percent of their income on mortgage payments. Loans made this year are excluded, […]

by Nia Knowles
October 3, 2008
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Mortgage Fraud Rises as Sales Decline

HOPE for Homeowners Expands Rescues